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the pipeline. mapped door budget cuts kick in in 54 days. house speaker john boehner says it is time for the president to lead. here he is is talking about that. >> mr. president, this is your moment. we're ready to be lead, not as democrats or republicans but americans. we want you to lead, not as a liberal or conservative but as president of the united states of america. we want you to succeed. bill: stuart varney, anchor of "varney & company", fox business network. the issues on the table are the same issues as monday. we want you to succeed by the way. what did you hear or what are you hearing based on the statements out of the washington now? >> three statements to listen to very carefully. speaker boehner, senate majority leader harry reid, and the big union boss, richard trumka. if you add them all together, tell you exactly what they said in a moment, add them all together the outlines of a deal would look like this. this is on the fiscal cliff. the outlines would possibly look like this. raise taxes, certainly raise tax revenues right now, beginning next year. promise to cut
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
on the next 2-4 years or 2-4 weeks. john boehner says he's willing to work with the president to solve the problems facing us now. >> the president knows he and i have worked together. the election is over. now it's time to get to work. bill: governor, how you doing? i haven't heard you comment since the election. it's an honor to have you back. what's going on here. boehner is a deal maker. i'm the easiest guy in the world to get along with. >> john boehner and mitch mcconnell are professionals when it comes to understanding the art of the deal. we didn't win the elections, didn't get the senate. we have to accept the hand that's been dealt to us. if you don't get to take something off the table unless you put something on the table unless you have got a gun. we don't have a gun. we didn't get that in the election. so what we have got to understand and i'm hoping members of congress will follow the leader and members of the senate will follow their leader. you can't have every republican member of congress and member of the senate trying to create a side deal. that's disaster in the m
democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is claiming, you heard him say this -- he has a mandate for raising taxes. i'll quote him. he said on tuesday
speaker john boehner say they are ready to work together to keep the country from plunging off the so-called fiscal cliff. economists say the combination of tax hikes and spending cuts set to kick in at the end of the year could trigger another recession and higher unemployment. the president saying he has invited leaders of both parties to the white house next week to try to work out a deal. but he and the speaker still are sticking to their guns when it comes to it raising taxes on the richest americans. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people, like me, making over $250,000 aren't asked to pay a dime more in taxes. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. raising tax rates will slow down our ability to create the jobs that everyone says they want. >> harris: the white house says the president will veto any bill that extends tax cuts on incomes of more than $200,000. it is deja vu all over again, rich edson. he joins us from fox
's possible with john boehner saying okay, we will get rid of some deductions that rich people enjoy that the president is now going to have his bluff called. i think is he going to get some tax increases on rich people, will he actually reform the entitlement spending? >> you are in charge, what is the compromise? >> well, i think the big part of the compromise, boehner has to get is the spending cuts have to happen now. people talk about this sequester and government spending might get cut. most of it is in the future. he has got to get in the hundreds of billions in year one to say we are actually turning this ship. >> james freeman from the "wall street journal" thanks for coming in with your expertise on. this thanks. good to be here. >> your tax dollars going to pay for sex change operations? what? we'll tell you where this just has been given the green light. >> then, it's been two weeks since super storm sandy and thousands of people are still in the dark this morning. they have been left freezing over these past weeks. so where is the help? our own brian kilmeade is going to
john boehner and mc mcmcconnell are as good as we have. >>neil: well the president needs speaker boehner more than mcth connell --. bucky>>governor huckabee: both are seasoned washington insiders. the republicans in the senate and the republicans in the house of representatives have to trust and follow their leaders. that will be anathema to a lot of republicans. you cannot have 535 people all negotiating for their particular part of the pie. it can't work. >>neil: who gives? >>governor huckabee: everyone the that is how you govern. >>neil: they have never done that. >>governor huckabee: you have to. >>neil: the president is saying elections have consequences. is the consequence of this, sock the rich? >>governor huckabee: the consequences of the election, we have more governors that are republican, same house of representatives, same senate, same president. meet the new boss, same as the old boss, nothing has changed. what has to change rather than sitting down and starting at point of where they disagree, they need to sit down and start at the point of where they can agree to t
. today, the house speaker john boehner told diane sawyer on abc that tax increases cannot be part of a deal. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> shepard: speaker boehner says is he willing to talk about the president's proposals. ed henry is live at the white house for us tonight. ed, what are we expecting to hear from the president tomorrow? >> we are told that he is going to speak really for the first time substantively since the election and that post election party tomorrow about 1:00 p.m. eastern here at the white house. is he going to talk about the economy broadly but specifically the fiscal cliff. what he is willing to do to move forward and with negotiations on capitol hill. as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last coup
-- megyn: oh boy. >> -- and don't worry about the deficit. megyn: you're telling me john boehner's going to agree to that? >> he's agreed -- he's saying, he's making con conciliatory nos that maybe we don't mind if we get more money coming in from the rich. he wants to get rid of loopholes, but the effect is more money coming into the treasury. harry reid says tax the rich. trumka says don't cut entitlements, no, no, no, and don't worry about the deficit. you add that up, and that is a deal on the fiscal cliff, but the stock market doesn't like it, and the economy won't do well in it. that's the bottom line. megyn: all right. we'll see what they do with the fiscal cliff. they tried to fix it twice, twice they failed, now we're getting close to the deadline, and they're like, oh, we'll punt again. okay, fine. washington's going to do what it's going to do. what about obamacare? that, all sort of the bad stuff, if you will, of obamacare, the taxes, the penalties people are going to have to pay, they started in obama 2.0, and that starts in 2014. how big of an impact is that going to have?
speaker john boehner faces as he tries to unify a deeply divided republican party, and all over congress they are deeply divided. he's trying to find compromise with the president before the country's finances go over the fiscal cliff. my credit card rewards are easy to remember. with the bankamericard cash wards credit card, i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas! no hoops to jump through. i earn more cash back on the things i buy most. [ woman in pet store ] it's as easy as... [ all ] one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medi
Search Results 0 to 9 of about 10

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